Skip to content

World’s most valuable team is now Real Madrid, not Manchester United

Apr 17, 2013, 3:02 PM EDT

FC Bayern Muenchen - Training & Press Conference Getty Images

For the first time since Forbes began producing their list of soccer’s most valuable clubs, Manchester United is not at the top,a  small irony the day after Premier League chief Richard Scudamore touted having the world’s biggest club. If the measure is value, then that’s not longer the case, because with an estimated current value of $3.3 billion, Real Madrid has ascended to the list’s top spot. Manchester United ranks second, while Barcelona sit third, the world’s three kings sitting atop a $1.3 billion gap to team number four.

How does a team become a $3.3 billion franchise? Here are some of the points Forbes picked out about El Real:

  • Revenue of $650 million during 2011-12, most in the soccer world.
  • Operating income of $134 million, second in the sports world to only the Dallas Cowboys.
  • New kit deal with adidas worth $40 million/year.
  • $39 million/year kit sponsorship with Emirates Airlines.
  • A revenue increase of 62% over the last three years
  • An average operating margin of 28% over the same time.
  • Oh, and having massive on-field success thanks to various transcendent stars.

Forbes has been compiling these rankings since 2004, so it’s not exactly like Real Madrid is ending an epic run of dominance. And it’s not like the Red Devils have fallen on their collective faces, either. As the magazine puts it, “It is not that the Red Devils have faltered. It is just that Los Merengues are simply bigger, more profitable and growing faster than Manchester United.”

The full list, below, includes six English Premier League clubs in the top 11, the product of lucrative television deals, not the least of which is NBC’s new pact with the circuit, set to kick-in this fall. Elsewhere on the list, Europe’s other big leagues are still well represented. Though Spain only have the big two, Germany and Italy place four clubs on the list. France has two, and encouragingly, Brazil’s league has one: Sao Paulo titans Corinthians.

Also is the range, in dollars, from top to bottom. The gap from first to 20th is “only” about $3 billion. Between Real Madrid and Newcastle, you can slot in a Barcelona.

Be sure to check out the whole piece, which goes into how the rankings were compiled. It also includes an interesting video with Mike Ozanian, the man in the byline.

Forbes’ Most Valuable Soccer Clubs – Top 20

1. Real Madrid ($3.3 billion)
2. Manchester United ($3.165 billion)
3. Barcelona ($2.6 billion)
4. Arsenal ($1.326 billion)
5. Bayern Munich ($1.309 billion)
6. AC Milan ($945 million)
7. Chelsea ($901 million)
8. Juventus ($694 million)
9. Manchester City ($689 million)
10. Liverpool ($651 million)
11. Tottenham Hotspur ($520 million)
12. Schalke 04 ($498 million)
13. Borussia Dortmund ($456 million)
14. Inter Milan ($401 million)
15. Olympique Lyonnais ($368 million)
16. Corinthians Paulista ($358 million)
17. Napoli ($330 million)
18. Hamburg SV ($300 million)
19. Olympique Marseille ($285 million)
20. Newcastle ($263 million)

Latest Posts
  1. Iran manager Carlos Queiroz agrees to contract extension, vows to win Asia Cup

    Sep 16, 2014, 10:55 PM EDT

    Queiroz Getty Images

    Despite saying in June he would step down after the World Cup, the former Real Madrid manager has made a U-turn.

  2. Captain Clint fires Seattle Sounders to US Open Cup crown in 3-1 extra time win over Philadelphia

    Sep 16, 2014, 10:13 PM EDT

    Dempsey AP

    USMNT captain Clint Dempsey was Seattle’s savior in extra time as he delivered the winner in a 3-1 win and lifted his first-ever club trophy.

  3. Michael Bradley disagrees with president’s shot at Toronto roster

    Sep 16, 2014, 9:06 PM EDT

    Bradley AP

    President of Toronto’s ownership group, Tim Leiweke had harsh words for the Toronto FC locker room. Michael Bradley disagrees.

  4. Report: FA to overhaul work permit rules to cut down on non-EU players

    Sep 16, 2014, 8:23 PM EDT

    Dyke Getty Images

    Insanely strict new rules proposed by FA chairman Greg Dyke would eliminate non-EU players from the lower leagues completely and slash the amount in the Premier League by around 50%.

  5. Newcastle winger Jonas Gutierrez reveals he has cancer

    Sep 16, 2014, 7:46 PM EDT

    Gutierrez AP

    We now know why Jonas Gutierrez has barely featured for Newcastle in the last year or so.

  6. Jack Wilshere injured yet again to compound Arsenal’s woes

    Sep 16, 2014, 7:09 PM EDT

    Wilshere AP

    The man who can’t stay on the pitch has tweaked a very problematic part of his body.

  7. VIDEO: Real Madrid make history, notch 1000th goal in European competition

    Sep 16, 2014, 6:29 PM EDT

    Karim Benzema AP

    Benzema bags Real’s fifth goal on Tuesday, which turned out to be their 1000th goal in continental competitions. Wowza.

  8. Steven Gerrard saves Liverpool’s blushes; but should fans be worried?

    Sep 16, 2014, 5:59 PM EDT

    Liverpool FC v PFC Ludogorets Razgrad - UEFA Champions League Getty Images

    Gerrard scores last-gasp winner, but Liverpool under-performed again in narrow win.

  9. Arteta: Arsenal “didn’t perform well enough” at Borussia Dortmund

    Sep 16, 2014, 5:27 PM EDT

    mikel_arteta_ciro_immobile

    Arsenal’s captain notes the danger of falling behind at BVB, while Klopp calls his teams performance “nearly perfection.”

  10. UEFA Champions League roundup: Liverpool win late; Real Madrid, Dortmund victorious

    Sep 16, 2014, 5:13 PM EDT

    Cristiano Ronaldo AP

    Contrasting fortunes for PL sides, as eight games kick off the new UCL season. Find out what happened, right here.

  11. Borussia Dortmund 2-0 Arsenal: Gunners outclassed by BVB

    Sep 16, 2014, 4:45 PM EDT

    ciro_immobile AP

    A dominant performance from the 2012-13 finalists made easy work of the visiting Gunners.

  12. Liverpool 2-1 Ludogorets: Gerrard grabs last-gasp winner after scare

    Sep 16, 2014, 4:44 PM EDT

    Liverpool FC v PFC Ludogorets Razgrad - UEFA Champions League Getty Images

    Dramatic finale at Anfield as Liverpool leave it late to beat Bulgarian minnows.

  13. Premier League player of month on pace for 67 goals (video)

    Sep 16, 2014, 4:20 PM EDT

    Chelsea Training & Press Conference Getty Images

    Okay, so it’s 66.5 goals but you know the rules of rounding and Diego Costa is your proverbial example of being on fire.

  14. LIVE – Champions League half time update: Real Madrid flying, Arsenal losing

    Sep 16, 2014, 3:40 PM EDT

    Marek Suchy AP

    Real fly out of the traps, while Arsenal are caught on their heels. Updates on all eight games, right here.

  15. When Frank Lampard met Men In Blazers

    Sep 16, 2014, 3:08 PM EDT

    Source: New York City FC Source: New York City FC

    Remember that time Jose Mourinho told Frank Lampard he was the best player in the world … in the shower? No? Oh, right. That’s because you have to watch this.

  16. Orlando City announces retention of 7 players for first MLS season

    Sep 16, 2014, 2:40 PM EDT

    OrlandoCitySC.com OrlandoCitySC.com

    Kaka was obvious, but who else is making the move from USL PRO to Major League Soccer next season?

  17. Open Cup final preview: Is a championship coming to Philly tonight?

    Sep 16, 2014, 1:55 PM EDT

    Brad Evans, Maurice Edu AP

    The fairly-even history between Philadelphia and Seattle meets at a momentous crossroads tonight at PPL Park in Chester.

  18. AP Global 10 poll hails Atletico as Champions League group stage opens

    Sep 16, 2014, 1:29 PM EDT

    Diego Simeone AP

    Manchester United, Aston Villa leap up the list after impressive wins on the weekend.

  19. From the Bundesliga to the WWE? How fan furor made GK a bodybuilder

    Sep 16, 2014, 12:56 PM EDT

    wiese1

    The jacked-up keeper was released by Hoffenheim last season as his body became too muscular to stand between the sticks (at least according to the club).

  20. Van Basten steps down from AZ Alkmaar post after heart issues

    Sep 16, 2014, 12:17 PM EDT

    Dutch Eredivisie - "Marco van Basten change of position" Getty Images

    In a very odd twist, he’s going to stay on as assistant manager to Alex Pastoor, a former assistant.

Featured video

Week 4: Saturday recap